Swiss Bitcoin Reserve Dream Collapses After Signature Campaign Falls Short: Report
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Campaigners failed to collect the 100,000 valid signatures required in an 18‑month window to trigger a referendum requiring the Swiss National Bank (SNB) to hold Bitcoin; they secured only ~50,000 signatures. The failed constitutional amendment ends the effort to force Bitcoin into SNB reserves alongside gold and foreign currencies, reducing near‑term prospects for official Bitcoin reserve adoption and signaling limited public backing for crypto policy change.
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A campaign pushing the Swiss National Bank to add Bitcoin to its reserves is set to end after supporters failed to collect enough signatures for a referendum under Switzerland’s constitutional rules despite months of outreach and public campaigning efforts.
Campaigners were given 18 months to collect 100,000 valid signatures to propose a constitutional amendment that would have obligated the central bank to hold Bitcoin alongside gold and foreign currency reserves. However, with the deadline approaching, the Bitcoin Initiative said it had secured only around half the required number.
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